Stock Market Update: Donald Trump’s Tariff Shocked, Indian Market Strongly Bullish

By Samira Vishwas On Feb 23, 2026

Stock Market Update: The Indian stock market saw a strong rally after the US Supreme Court overturned President Donald Trump’s tariff decision. On the first day of the week, Monday, the BSE Sensex gained 479.95 points to close at 83,290.81. The Nifty 50 rose 141.75 points to 27,713.

Analysts believe that the Indian market has also been affected by the easing of uncertainty regarding the US tariffs, which has shown positive signs in the global market. Investor sentiment strengthened, leading to a buying trend. Growing global concerns about artificial intelligence (AI) weighed on IT sector stocks. However, investors expressed confidence in domestic demand-driven sectors.

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Buying continued in banking, power, FMCG and consumer stocks due to positive movement. Moreover, the market was supported as the country’s economy is expected to continue its strong growth path. Among the major gainers, Adani Ports and Special Economic Zone Limited registered the biggest growth, up 2.98 percent. Kotak Mahindra Bank rose 2.22 percent. Ultratech Cement gained 1.55 percent. Power Grid Corporation of India rose 1.49 percent.

Axis Bank gained 1.34 percent. But Infosys fell the most, down 1.80 percent. Tech Mahindra fell 1.06 percent. Trent Limited fell 0.83 percent. HCL Technologies fell 0.74 percent. Bajaj Finserv declined 0.53 percent. Overall, despite weakness in IT stocks, strength in the domestic demand-driven sector kept the market balanced.

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Vinod Nair, head of research at Geojit Investments Ltd, said the US Supreme Court’s decision has given a positive response to the local market. Investors are now awaiting clarity on the Donald Trump administration’s revised tariff policy and possible new trade deals with other countries. Nair believes global markets may remain cautious in the near-term due to the weakness in the US dollar and the decline in 10-year bond yields.

However, despite the overall market rally, selling in information technology (IT) company stocks continued, leaving the IT index under pressure. The potential disruption caused by artificial intelligence and uncertainty about future demand is clearly impacting the IT sector.